The Indian Contract Act came into force on:
|A.||15th September, 1872|
|B.||1st September, 1872|
|C.||1st October, 1872|
|D.||15th October, 1872.|
|Answer» B. 1st September, 1872|
The Indian Contract Act, applies to the:
|A.||Whole of India excluding Jammu & Kashmir|
|B.||Whole of India including Jammu & Kashmir|
|C.||States notified by the Central Government from time to time|
|D.||None of the above.|
|Answer» B. Whole of India including Jammu & Kashmir|
An agreement consists of reciprocal promises between at least
|Answer» D. two parties.|
Every promise and every set of promise forming the consideration for each other is a/an
|Answer» C. offer.|
Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act.
|Answer» C. Section 2(h)|
|A.||are made by free consent.|
|B.||are made by competent parties.|
|C.||have lawful consideration and lawful object.|
|D.||all of the above.|
|Answer» D. all of the above.|
A contract creates
|A.||rights and obligations of the parties to it.|
|B.||obligations of the parties to it.|
|C.||mutual understanding between the parties to it.|
|D.||mutual lawful rights and obligations of the parties to it.|
|Answer» B. obligations of the parties to it.|
In agreements of a purely domestic nature, the intention of the parties to create legal relationship is
|A.||to be proved to the satisfaction of the court.|
|B.||presumed to exist.|
|C.||required to the extent of consideration.|
|D.||not relevant at all.|
|Answer» A. to be proved to the satisfaction of the court.|
………………. is forbidden by law.
|Answer» B. Illegal agreement|
A makes a contract with B to beat his business competitor. This is an example of
|Answer» B. illegal agreement.|
Which of the following legal statement is incorrect?
|A.||An agreement enforceable by law is a contract [Section 2]|
|B.||All agreements are contracts [Section 10]|
|C.||A proposal when accepted becomes a promise [Section 2]|
|D.||Every promise and every set of promise forming the consideration for each other is an agreement [Section 2(e)]|
|Answer» B. All agreements are contracts [Section 10]|
……………… is made by words written.
|Answer» A. Express contract|
Agreement the meaning of which is uncertain is
|Answer» A. Void|
Which of the following relationship raise presumption of positive influence?
|A.||Parent and Child|
|B.||Religious/ Spiritual Guru and disciple|
|C.||Guardian and Ward|
|D.||All of the above|
|Answer» D. All of the above|
Which of the following is false with respect to minor entering a contract?
|A.||An agreement with or by a minor is void ab initio|
|B.||A minor can be a beneficiary of a contract|
|C.||The contracts involving a minor as a beneficiary may be enforced at the option of the third party|
|D.||A minor cannot ratify a contract on attaining majority|
|Answer» C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party|
Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are example of
|Answer» B. implied contract.|
…………….. is a one-sided contract in which only one party has to perform his promise or obligation.
|Answer» C. Unilateral contract|
All Contract is a/an ……………..
|Answer» A. Offer|
A/an …………… is every Promise and every set of promises, forming consideration for each other
|Answer» A. Offer|
Every agreement and promise enforceable by law is …………….
|Answer» B. Contract|
“A Contract is an agreement creating and defining obligations between the parties” the definition was put forwarded by
|Answer» C. Salmonds|
The Law of Contract is nothing but ...............
|A.||A Child of Commercial dealing|
|B.||A Child of Religion|
|C.||A Child of day to day Politics|
|D.||A Child of Economics.|
|Answer» A. A Child of Commercial dealing|
To form a valid contract, there should be atleast .............
|Answer» A. Two parties|
Contractual rights and duties are created by ...............
|D.||Custom or Usage.|
|Answer» C. Parties|
Agreement is defined by the section ............... of the Indian Contract Act, 1872.
|Answer» B. Section 2(e)|
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